January 16, 2020

Europe Scrambles to Fight Off Threat of U.S. Tariffs on France
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The European Union’s trade chief said the race is on to avert an escalation in transatlantic commercial tensions as a result of U.S. objections to a French digital-services tax.European Trade Commissioner Phil Hogan said coming days could determine whether the EU succeeds in helping broker an international agreement on the taxation of digital businesses through the Organization for Economic Cooperation and Development.“Next week is a very important week to try and see, could we come to a positive outcome on this,” Hogan said in a Bloomberg Television interview on Thursday in Washington. “I’m not going to prejudge the outcome.”President Donald Trump is threatening to hit $2.4 billion of French goods with tariffs in retaliation for the digital-services tax in France. The U.S. alleged on Dec. 2 -- the day after Hogan became EU trade chief -- that France’s levy discriminates against American technology companies such as Google, Apple Inc. and Amazon.com Inc.If realized, this would mark the first time the Trump administration had deployed against Europe a policy tool -- Section 301 of a 1974 American law -- reserved so far for the trade war with China. The prospect has alarmed the EU, which is already scrambling to expand its policy arsenal in response to a separate U.S. threat to the rules-based international system.Hogan signaled that talks on the matter between French Finance Minister Bruno Le Maire and U.S. Treasury Secretary Steven Mnuchin are key.Le Maire and Mnuchin “are in daily communication to see how we can move this process along toward some compromise,” Hogan said.To contact the reporters on this story: Jonathan Stearns in Washington at jstearns2@bloomberg.net;Vonnie Quinn in Washington at vquinn@bloomberg.netTo contact the editors responsible for this story: Brendan Murray at brmurray@bloomberg.net, Michael Heath, Alexandra VeroudeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
The Head and the Heart - Live from My Den
November 30, 2020
L0YrtwPIe44
7 Questions with Jamie Dornan
November 25, 2020
bqZLJEd8Gxs
Why 'Selena' star Christian Serratos Chose to Lip-Sync Selena's Songs
November 25, 2020
FNz_Pal3qeo
See how Kandi Burruss, Kim Zolciak and more Housewives' faces have changed | Page Six Celebrity News
November 30, 2020
wjecPZuaLkc
Chris Kattan is up for ‘A Night at the Roxbury’ sequel | Page Six Celebrity News
November 30, 2020
vnBFuv6q1FU
Jennifer Lawrence’s family farm burned to ashes in ‘horrible fire’ | Page Six Celebrity News
November 30, 2020
2NV52k-oDoQ
Melissa McCarthy's Secret to Surviving 2020 | Daily Pop | E! News
December 01, 2020
1LwGE6wGQNg
Kermit & Miss Piggy Talk Life After Breakup & Quarantine | Daily Pop | E! News
December 01, 2020
63_psJm-k6w
Kelly Clarkson's Husband Requests $436K Monthly & More | Daily Pop | E! News
December 01, 2020
39cxV7VyhJc
Paris Hilton Has A Room Dedicated To Her Juicy Couture Clothing | TMZ TV
December 01, 2020
CoHE4nDQBZo
Tichina Arnold Says Grammys Epitomize Problem with Award Shows | TMZ
November 30, 2020
S4zo6QxV5oY
Santa-For-Hire Says COVID's Left Some Impersonators Out in the Cold
November 29, 2020
hgd5xnRT1q4
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
01
Dec
ENGLAND: Championship
Derby County - Coventry
01
Dec
ENGLAND: Championship
Birmingham - Barnsley
01
Dec
ENGLAND: Championship
Rotherham - Brentford
01
Dec
ENGLAND: Championship
Cardiff City - Huddersfield
01
Dec
ASIAN CHAMPIONS LEAGUE: Group Stage
Shanghai SIPG - Sydney FC
01
Dec
ASIAN CHAMPIONS LEAGUE: Group Stage
Guangzhou Evergrande - Suwon Bluewings
01
Dec
ASIAN CHAMPIONS LEAGUE: Group Stage
Yokohama F. Marinos - Jeonbuk Motors
30
Nov
ENGLAND: Premier League
West Ham United - Aston Villa
30
Nov
ENGLAND: Premier League
Leicester City - Fulham
30
Nov
SPAIN: La Liga
Real Betis - Eibar
30
Nov
ITALY: Serie A
Genoa - Parma
30
Nov
ITALY: Serie A
Torino - Sampdoria
29
Nov
ENGLAND: Premier League
Chelsea - Tottenham Hotspur
29
Nov
ITALY: Serie A
Napoli - Roma
29
Nov
ENGLAND: Premier League
Arsenal - Wolves
29
Nov
ENGLAND: Premier League
Southampton - Manchester United
29
Nov
ITALY: Serie A
AC Milan - Fiorentina
29
Nov
SPAIN: La Liga
Barcelona - Osasuna
29
Nov
ENGLAND: Championship
Nottingham Forest - Swansea City
29
Nov
GERMANY: Bundesliga
Bayer Leverkusen - Hertha Berlin
29
Nov
GERMANY: Bundesliga
Mainz - Hoffenheim
29
Nov
SPAIN: La Liga
Real Sociedad - Villarreal
29
Nov
SPAIN: La Liga
Celta Vigo - Granada CF
29
Nov
ITALY: Serie A
Cagliari - Spezia
29
Nov
SPAIN: La Liga
Getafe - Athletic Bilbao
29
Nov
ITALY: Serie A
Bologna - Crotone
29
Nov
ITALY: Serie A
Lazio - Udinese
28
Nov
GERMANY: Bundesliga
Stuttgart - Bayern Munich
28
Nov
GERMANY: Bundesliga
Borussia Dortmund - Koln
28
Nov
SPAIN: La Liga
Real Madrid - Alaves
28
Nov
ENGLAND: Premier League
Brighton - Liverpool
28
Nov
ENGLAND: Premier League
Manchester City - Burnley
28
Nov
ITALY: Serie A
Benevento - Juventus
28
Nov
ITALY: Serie A
Sassuolo - Inter Milan
28
Nov
SPAIN: La Liga
Valencia - Atletico Madrid
28
Nov
GERMANY: Bundesliga
Borussia Monchengladbach - Schalke
28
Nov
ENGLAND: Premier League
West Bromwich Albion - Sheffield United
28
Nov
ITALY: Serie A
Atalanta - Verona
28
Nov
ENGLAND: Premier League
Everton - Leeds
22
Nov
ITALY: Serie A
Napoli - AC Milan
22
Nov
ENGLAND: Premier League
Liverpool - Leicester City
22
Nov
ENGLAND: Premier League
Leeds - Arsenal
22
Nov
ITALY: Serie A
Inter Milan - Torino
22
Nov
ITALY: Serie A
Roma - Parma
21
Nov
SPAIN: La Liga
Atletico Madrid - Barcelona
21
Nov
GERMANY: Bundesliga
Hertha Berlin - Borussia Dortmund
21
Nov
ENGLAND: Premier League
Manchester United - West Bromwich Albion
21
Nov
ITALY: Serie A
Juventus - Cagliari
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.